Princeton Friends School
- Assets
- $9.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 80
- Location
- Princeton, NJ
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 22-2790041
Organization Overview
Princeton Friends School is located in Princeton, NJ. The organization was established in 1987. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Princeton Friends School employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Friends School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Princeton Friends School generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A DIVERSE, VIBRANT LEARNING COMMUNITY FOR YOUNG PEOPLE USING QUAKER VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL: THE PROGRAM ACTIVITY PROVIDED IS TO OPERATE AND MAINTAIN A SCHOOL IN THE PRINCETON, NEW JERSEY AREA BASED ON THE TRADITION OF QUAKER VALUES AND PRACTICE. THE SCHOOL HAS APPROXIMATELY 115 STUDENTS IN PRE-K THROUGH 8TH GRADE. THE SCHOOL OFFERS A NON-COMPETITIVE INTERDISCIPLINARY CURRICULUM THAT FOSTERS INTELLECTUAL LIVELINESS, DEVELOPS ACADEMIC SKILLS, EMPHASIZES DIRECT EXPERIENCE OF SUBJECT MATTER, AND RESPONDS TO THE INDIVIDUAL LEARNING STYLES, DEVELOPMENT NEEDS, AND PERSONAL INTERESTS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Carroll Head Of Scho | Officer | 40 | $157,000 |
Nadir Jeevanjee Board Member | Trustee | 1 | $0 |
Gordon Chip Muir Jr Board Member | Trustee | 1 | $0 |
Carter Quinby Board Member | Trustee | 1 | $0 |
Janine Chupa Board Member | Trustee | 1 | $0 |
Stephen Fox Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,529 |
| Total Program Service Revenue | $3,839,330 |
| Investment income | $189,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,722,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,310,680 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $452,458 |
| Compensation of current officers, directors, key employees. | $172,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,442,883 |
| Pension plan accruals and contributions | $41,116 |
| Other employee benefits | $489,607 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,833 |
| Fees for services: Legal | $12,379 |
| Fees for services: Accounting | $58,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,189 |
| Advertising and promotion | $11,628 |
| Office expenses | $277,741 |
| Information technology | $155,520 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,616 |
| Insurance | $55,179 |
| All other expenses | $20,250 |
| Total functional expenses | $4,914,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,433 |
| Net Land, buildings, and equipment | $4,713,290 |
| Investments—publicly traded securities | $5,055,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,620 |
| Total assets | $9,856,324 |
| Accounts payable and accrued expenses | $247,990 |
| Grants payable | $0 |
| Deferred revenue | $615,225 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $863,215 |
| Net assets without donor restrictions | $4,390,531 |
| Net assets with donor restrictions | $4,602,578 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,856,324 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Princeton Friends School has recieved totaling $52,513.
| Awarding Organization | Amount |
|---|---|
Curtis W Mcgraw Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,100 |
T Wistar Brown Teachers Fund Philadelphia, PA PURPOSE: GENERAL SUPPORT | $253 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
Endowment Analysis
| Beg. Balance | $5,710,840 |
| Earnings | -$737,041 |
| Admin Expense | $495,916 |
| Ending Balance | $4,477,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |